R2026-60 Resolution Approving Bid with Apex Electrical Solutions, Inc. for Electrical Service at 1170 N. Orchard Building.

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Bond Number: 2666725 AIA Document A310TM — 2010 Bid Bond CONTRACTOR: SURETY: (,lame, legal stairs and address) (Name,legal status and principal place of business) Apex Electrical Solutions, Inc. ADDITIONS AND DELETIONS: West Bend Insurance Company The author of this document has 704 CR 2500N 1900 S 18th Ave added information needed for its Lovington, IL 61937-7066 West Bend,WI 53095-8796 OWNER: completion.The author may also have revised the text of the original (Name. legal.status and address) AIA standard form.An Additions and City of Decatur Deletions Report that notes added 1 Gary K Anderson Plz information as well as revisions to the Decatur, IL 62523-1005 standard form text is available from the author and should be reviewed.A BOND AMOUNT: S Five Percent of the Amount Bid vertical line in the left margin of this document indicates where the author PROJECT: has added necessary information (Name, location or address, and Project number, if any) and where the author has added to or Electrical Upgrade 1170 Orchard St deleted from the original AIA text. This document has important legal consequences.Consultation with an attorney is encouraged with respect The Contractor and Surety are bound to the Owner in the amount set forth above,for the to its completion or modification. payment of which the Contractor and Surety bind themselves,their heirs,executors, administrators,successors and assigns,jointly and severally,as provided herein.The Any singular reference to Contractor, conditions of this Bond are such that if the Owner accepts the bid of the Contractor within Surety,Owner or other party shall be the time specified in the bid documents,or within such time period as may be agreed to by considered plural where applicable. the Owner and Contractor,and the Contractor either(I)enters into a contract with the Owner in accordance with the terms of such bid,and gives such bond or bonds as may be specified in the bidding or Contract Documents,with a surety admitted in the jurisdiction of the Project and otherwise acceptable to the Owner,for the faithful performance of such Contract and for the prompt payment of labor and material furnished in the prosecution thereof;or(2)pays to the Owner the difference,not to exceed the amount of this Bond, between the amount specified in said bid and such larger amount for which the Owner may in good faith contract with another party to perform the work covered by said bid,then this obligation shall be null and void,otherwise to remain in full force and effect.The Surety hereby waives any notice of an agreement between the Owner and Contractor to extend the time in which the Owner may accept the bid.Waiver of notice by the Surety shall not apply to any extension exceeding sixty(60)days in the aggregate beyond the time for acceptance of bids specified in the bid documents,and the Owner and Contractor shall obtain the Surety's consent for an extension beyond sixty(60)days. If this Bond is issued in connection with a subcontractor's bid to a Contractor,the tctm Contractor in this Bond shall be deemed to be Subcontractor and the term Owner shall be deemed to be Contractor. When this Bond has been furnished to comply with a statutory or other legal requirement in the location of the Project,any provision in this Bond conflicting with said statutory or legal requirement shall be deemed deleted herefrom and provisions conforming to such statutory or other legal requirement shall be deemed incorporated herein.When so furnished,the intent is that this Bond shall be construed as a statutory bond and not as a common law bond. Inst AIA Document A310"'—2010.Copyright®1963,1970 and 2010 by The American Institute of Architects.All rights reserved.NARNING.This AIA' Document is protected by U.S.Copyright Law and International Treaties.Unauthorized reproduction or distribution of thi :cvrnent,or any portion of it,may j result in severe civil and criminal penalties,and will be prosecuted to the maximum extent possible under the I.,, This document was produced by AIA software at 08:17:00 ET on 02/21/2025 under Order No.4104260028 which expires on 02/20/2026, and is not for resale. User Notes: (1496601206)